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is over. eric cantore proposes a three-month deal on the debt ceiling. some democrats are calling it a trap. i'll ask dnc chairwoman debbie wa wasserman schultz what she thinks. democrats are about to drop the ball. tonight, my message to senator harry reid. plus the american people are getting ripped off by a congress that just isn't working. congressman rick nolan, there 30 years ago. he is back now and he can't believe the difference. he is wondering, are we get iti paid for this? >>> is it really an admission of guilt if you don't show any remorse? >> it did not even feel wrong? >> no. it's scary. >> did you feel bad about it? >> no. even scarier. >> psychologist dr. jeffrey gardere on lance armstrong's bizarre performance last night. >> good to have you with us tonight, folks. thanks for watching. republicans surrendered today in one of his biggest fights. president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the
taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the federal government's statuary borrowing limit for three months with a requirement that both chambers of the congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. the senate should pass a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had mul
. >> well, good luck with tha >>> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and water not a dead beat nation. >> sounds simple, doesn't it? but like so many other crises and standoffs from the past two years, raising the nation's debt ceiling is a zero sum props. somebody wins only if somebody else loses. we're speaking of of course politically here, not financially. economically it's hard to find any winners if the treasury can't close the budget gap. runs about $100 million every month. my next guest worries about it a lot. signor partner and managing director of the boston consulting group and author and columnist. so this becomes tricky for people tound, but essentially the debt ceiling, is it the kind of tool that anybody should be used in order to force people to be more austere in the way they spend in the future? >> well, it's a way to do it, but it's a very dangerous way to do it because we start playing with everybody in our economy eye lives. so if we hit the debt ceiling and we don't have a bill that changes
's the view of all of them. >> of course. >>> we'll move onto the debt ceiling with the government on pace to run out of money by mid-february. >> yesterday, the president warned republican leaders raising the nation's borrowing limit was non-negotiable and congress aimed to use it as lever eventuallyiage for deep s. >> while i'm willing to find middle ground to reduce our deficits, america cannot afford another debate. not paying its bills is irresponsible. it's absurd. republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serio
and the history of the debt ceiling and your own history with the debt ceiling and doesn't that suggest we're going into a default because no one is talking to each other how to resolve this? >> no, major, i think if you look at the history, getting votes for the debt ceiling is always difficult. >> jon: president obama a little testy there answering a question from cbs news white house correspondent major garrett, formerly of this network. it was mr. obama's final news conference of his first term. so, what did you think, judy, about the questions that the president received? only seven of them for a news conference. the answers went on very long. >> you might even say stonewalling answers, each answer was roughly the equivalent of about seven and a half minutes. no wonder there's no time for follow-ups. look, the white house press corps, how many times do we have to talk about it. other than major garrett, who was a sight to see there, even jake tapper said, oh, yes, major always asks good questions, when he was on fox we didn't call on him much. that's what this is about. the white hous
the debt ceiling. fitch said the pressure on the aaa is, if anything, increasing. >>> we are four hours away from facebook's secret announcement in menlo park. so far, the guesses range from a facebook search engine to a facebook phone. would either product help lift the stock back with a high water mark. >>> the debate kicks off whether dell can, a, raise the money to go private, and b, reinvent itself without going through cash flow. the journal said the talks have been serious for weeks. >>> lululemon doing a downward dog this morning. raises guidance but not enough to impress investors. >>> the battle over the debt ceiling has warranted a warning from fitch. they said it will prompt a formal review of u.s. credit ratings. fitch does add it expects congress will ultimately approve a ceiling increase. the head of global sovereign ratings for fitch, david riley, will join us in the next hour. bernanke weighing in on the debt ceiling in michigan late yesterday. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills.
finally announced a debt ceiling plan. kick the can again. this time for three months. in an efforts to put pressure on the senate to do something instead. that's the whole, it wasn't me, i guess, strategy. of course, that means another debt ceiling debate is just three months away. joining us now, bill cohen, a columnist at bloomberg view and by phone we have nbc's luke russert in williamsburg, virginia, covering the house republicans. welcome to both of you. >> thank you, karen. >> luke, i want to start with you. republicans are calling it a plan, democratic leader nancy pelosi call it is a gimmick. it sounds more like -- i mean, my read initially was this is more like political posturing rather than a serious deal. what are you hearing down there? >> well, it certainly is something that's meant to try and force the senate to act. you know, the senate has not passed a suggest in over 1,300 days and that's a popular rallying cry of the house gop. but what came out of this retreat was the idea instilled in members that it's probably not beneficial with the republican brand so damaged
to duke it out over the debt ceiling, one said we should get rid of it all together? does ben bernanke have a point? >> the nra releases a new target practice ap for kids as young as 4. >> we have a packed show for you this morning. mike thompson joins us and greg walden is our guest. the congressman and newly crowned miss america, mallory hagen will be joining us. tuesday, january 15th and starting point begins right now. . >>> welcome to starting point. after years and years of lying to the world, lance armstrong is finally coming clean. there report he's confessed to oprah winfrey and he used drugs to win his titles. sources say he is in talks to have some of the millions he was paid by the postal service to sponsor the tour. cnn's ed is live in austin, texas. let's talk about what he told oprah and what the next steps are for lance armstrong. >> the big question will be to what extent did he confess and how much detail is he going to offer? also from the standpoint of how did he offer it and what was the body language there? lance armstrong is an athlete who is vehement in his deni
about the debt ceiling. remember, president bush was in office at the time, so senator obama would probably be against some of the things he was talking about, particularly the debt ceiling. the senator called it irresponsible to increase the debt. listen to then-senator obama. >> the problem is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents. number 43 added $4 trillion by his lonesome so we now have over $9 trillion of debt that we are going to have to pay back, $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >>steve: there you've got the president, back then senator, back in the day saying that president of ours, he's running up the bills, and it would be unpatriotic what he's doing. and we cannot raise the debt limit. forward to his administration, and i think this is going to be the fourth time he has asked congress to up the debt ceiling. of course what he said is, i know the republic
to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a
separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look at that. you could wade in and be bitten, eaten. last year there were a total of 11 shark attacks in hawaii. >> that's what i call dangerously close. >> oh, my goodness. >> so some people in the southeast waking up to the dual danger of flooding and ice. alexandra steele in the weather center. good morning. >> good morning, guys. each snow potentially for you around new york c
kicks into high gear. congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our bills. congress has two choices here. we can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. jenna: republicans like congressman jason chaffetz blasting back against the president. >> i think the president was terribly irresponsible today. to say he will not talk about it because he is above it, but blame all of congress, in part congress helped create this problem but we are going to hear to solve this problem. i got elected to
. i mean, i think it would be, frankly, another disaster if republicans try to use the debt ceiling, to force dollar-for-dollar budget reductions. i don't see that as a winner for them, and i can't imagine at least the party establishment is now seeing that as a potential winner for them. i mean, you know, face it. the president won the election. and he laid out a program and a philosophy, and he won the election on it. and i think as long as republicans are going to take the stance that he didn't win and that, in fact, they won and therefore they get to do things their way, i don't think -- i don't see how that's going to help them get out of that 14% hole. >> eugene, nbc.com had a very interesting way of putting it this morning, a very nice tag which is that what the electorate is looking for right now is not so much hope but a president who can cope. it's all about coping, not so much hoping. do you think that this kind of poll suggests that he is going to be able to deliver on that message of coping? >> well, you know, first of all, i think that's right. i think that, you know,
a little mini cave on the debt ceiling, and it looks like they are going to be willing to extend the debt ceiling for three months with which is the cover of the new york times this morning, and what is that about? what is happening? >> well, it seems they are trying to line up their opposition to the president, this debt ceiling trying to line it up with two other big economic situations that we are going to be faced, that is to continue resolution that we common call the c.r. to keep the government running which expires the first of march. and then of course, we have the so-called, i don't know what to call it, but it is not the cliff, but it is not what i would call it. >> the curb. >> yes, the curb beginning to kick in, and we need to work with that and i think that they are trying to line it up to camouflage whatever they may do, which i think will be to vote to let the debt ceiling go up. >> okay. so i should not see this as we say in the black church, a "come to jesus" moment, but in washington they say we are outmanned on this, so we will have to give the president his way, becaus
up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budg
if we -- if the debt ceiling isn't raised. your thought on that? >> well, it's so important that we get this debt situation under control, and i think that once again, when you consider what we're doing to our future generations, you know, our children and our grandchildren, currently who have $53,000 debt upon them. we're eroding their possibilities and their opportunities in this great society. so i think we have to have up in washington d.c., the seriousness, to look at the true problem, which is a spending problem. look at mandatory spending programs and we have to stop the exorbitant amount of spending and we have to say, finally, we're going to stop this debt and we're going to get serious, and i think that fitch is very appropriate in saying that if they don't see a curtailing of the spending, that they're going to downgrade us. >> greta: we're going to keep our eye on this, because certainly all eyes are on this debt ceiling these days in washington. stay with us, so congressman, we have much more to talk to you after the break, but first, there is good news for the nation's vet
and his administration right now. gun safety, cabinet posts, the debt ceiling. it's looking like they're finding success. is this is a preview of a winning second obama presidential term? nia-malika henderson and glen thrush. nia, i've missed you. i've seen you on other shows. i've seen some sightings. but thank you for coming back. i find from the producers you have theories about the president. in his first press conference -- the last one of the old year the president warned republicans not to play politics when it comes to the debt ceiling. here's the president. >> but they will not collect ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> and that's yesterday's last press conference of the presidential term. newt gingrich of all people reacted by saying the president was bullying republicans. that's a long way from saying he's weak. now he's a bully. let's watch. >> i don't think we should pick fights where we a
of news. there is word of what may be a break through in the standoff over the so-called debt ceiling. the point where our nation can no longer pay its bills. house republicans are set to vote tomorrow on a temporary fix, which would raise the federal spending limit. now the white house says it won't stand in the way of that: even though the president says he would rather see the problem fixed once and foreall. the g.o.p. measure would buy us only a few months before congress would have to agree to a long-term solution. a second part of the proposal would force lawmakers in both houses of congress to pass a budget or they wouldn't even get paid. that's the g.o.p. attempt to force the senate's hand the democratic led senate hasn't passed a budget in four years now. mike emanuel son the top story at the bottom of the hour. live with us from the row rotuna on capitol hill. mike, house republicans meeting behind closed doors late today. have we heard anything? >> well, shep, some conservatives don't love this debt ceiling deal because they don't like the idea of adding to the nation's cr
want to talk about other things, his doors open. they're going to raise the debt ceiling. he understands that the brinksmanship that the republicans were able to bring last time, just doesn't exist. this guy is popular with the american people. he is a likeable guy, a great family. a few more weeks of this honeymoon before the sharks start to come back into the water but hopefully he will truly take advantage of it. >> joy reid, and richard wolffe, thank you for joining us on this historic night. and america's troubadeer in chief, james taylor gets tonight's last word. ♪ oh beautiful, for spacious skies, for amber
in the politics of that. he has fights around the debt ceiling coming up and to make this the issue, how do you think that will work? >> that's why i wonder how serious he is. i'm not questioning his motives. now he knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she
to the caucus, we can't win this fight publicly. let the debt ceiling go because we're going to be blamed for the economic fallout. let's push that down the road kick the can down the road, as they say, and try to get some budget out of the senate and try to get some real spending cuts in the next three months. so paul ryan and others within the caucus are seeing a longer game here than is this freshman senator from texas. >> but if you ask paul ryan what he wants to do on gun control, he would say, i don't want to do anything on gun control. you've talked to moderate republicans -- >> what about registration? >> the only thing they might do is something on registration. >> background checks. >> that's it. no idea that you're banning weapons. no chance. >> registration is the worst. >> put it on tape. 5 0% chance it passes. >> good because hunters need 30 bullets. >> if you've seen a single republican say they support that -- >> a democratic lobbyist last night working on this very issue, he said we don't have the votes. that's now, and that is before the president goes
deficit reduction plan. understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an enviro
to borrow money to make up the deficit, but only up to a certain limit. that's the debt ceiling. treasury does not make decisions about how the money is spent. they are simply empowered in this case to write the checks to pay the bills that are already incurred by your democratically elected congress. the way you would if you are a little short on your monthly bills. refinancing a little bit. that will get us through maybe mid-february to early march. once that stops working, the treasury needs to rely on the cash that it has on hand and the revenue that comes in from taxes. problem is, there isn't that much cash on hand or enough money coming in on most days to cover the expenses. if there were, we wouldn't have a deficit. let me give you an example. february 15th. i choose that day because that might be the day. might be a little early but it might be the day that we stop being able to mess things around. okay. the federal government on that day will take in an estimated $9 billion in revenues. again, that is mostly taxes. on the same day, $52 million will need to be paid out. we've got
in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing constant tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expected to draw roughly a third of the nearly 2 million people who ca
conference of his first term to issue an ultimatum to congressional republicans, raise the debt ceiling. but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are higher than they were during the new year's eve showdown over the fiscal cliff. if an agreement isn't reached, the federal government faces default on its debt and a partial shutdown. >> social security checks and veterans benefits will be delayed. we might not be able to pay our troops. >> reporter: some have suggested president obama would have better luck with the republicans if he socialized with them. the president said that probably wouldn't make much of a difference, but he wouldn't mind trying. >> most people who k
its top credit rating. the debt ceiling is still causing ago any. according to the fed's latest snapshot, some businesses are saying, we're not going to hire. >>> our fourth story out front. the american hostages in algeria. defense secretary, leon panetta, today, quick to call it a terrorist attack as he is traveling in europe. the interior minister says they are angry for the french offensive in mali. they attacked an oil field killing two and seizing a number of hostages. we have been working this story throughout the day. the exact number of u.s. hostages is unclear perhaps as few as three americans are being held. earlier in the day, we had heard it would be as many as seven. it is unclear if the number is wrong or some were able to escape. what are the latest reports there on the hostage situation? >> reporter: as you said, erin, we are still hearing conflicting reports about the number of hostages still being held. we are seeking confirmation from the british prime minister's office as to whether one of those hostages they have claimed to have killed was, indeed, british.
as a matter of fact on wednesday. they are going to vote on increasing the nation's borrowing limit the debt ceiling as it is called. okay wednesday they are going to do that vote. the senate pass a budget with spending cuts in it. that is when the kum ba yah the happy talk here on capitol hill may go back to a little more firstier talk. shep? mike emanuel on the hill tonight. perspective what lies ahead for president and the congress. dana perino the white house press secretary for president george w. bush. that's coming up from the journalists of fox news on this monday fox report from the nation's capitol. inauguration night. martin luther king jr. day. it's great to have you with us. just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it again -- watch me. just like that one... [ male announcer ] the durability of the volkswagen passat. pa down something he will be grateful for. good arm. that's the power of german engineering. ♪ back to you. [ bop ] [ bop ] [ bop ] you can
to overtime. >> if they blow the whole debt ceiling, is that a technical foul? >>> 27 minutes after the hour. we knew lance armstrong was confessing something. it is something different to see and hear him do it. more of that, coming up. 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to serve. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] end your long week... with a weekend getaway. save up to forty percent on all weekend hotel stays. book by january thirty first at hiltonanyweekend.com.
a debt ceiling crisis. someone is going to have to come up with some way from stopping these people from being drama kings and drama queens. >> drama's out. >> is that your headline? >> mine is basically with a call for unity, obama presses assertive domestic agenda. i don't expect him to tick off the details, for example, of gun regulation. he already did that last week, but i think he is going to use the bully pulpit here for the idea that he can really lead us to more action on the domestic front in congress. >> and one other point. the facetious headline i came up with him being born in the united states. we need to get past all this. it's time to stop this because it's counterproductive and it's causing a paralysis. >> and i would briefly say it's not that we need to get past it, we have to call out who is responsible for t.only one group that's still trading in birtherism, it's a one-sided problem. >> i'd like, to if we could, pull up your headline again. i don't know if we can do that. >> yes, sir. >> a question not so much about the headline. >> talk to me. >> can we pull it up t
to an unusual ground. debt ceiling, gun control, fiscal cliff. but then a reporter asked about the criticism that the president is too insular, doesn't socialize enough. >> most people who know me know i'm a pretty friendly guy. and i like a good party. >> there's sometimes a disconnect with some people. anybody who gets to know president obama, finds him to be just like a normal and fun. >> reporter: presidential historian and cbs news consultant douglas brinkley says there's a reason the president hasn't connected with congress. >> things have changed in washington. characters like ted kennedy who used to be able to be friends with the opposition are gone. he just hasn't been able to find that special bond like ronald reagan had with tip o'neill on capitol hill. >> reporter: the president reminded reporters on monday he did play a friendly round of golf with house speaker john boehner in 2011. >> i like speaker boehner personally. when we went out and played golf, we had a great time. >> reporter: but mr. obama was quick to add it didn't help to solve the budget imp
to that solution, that idea, you could -- you would find that we could work out the debt ceiling. we could put all this drama and theater aside. but anyone who thinks we don't ever need to balance our budget, i think has disqualified themselves from a discussion here. >> we will certainly continue that discussion even though we didn't talk about it that much this morning, moving forward. i think you and i certainly on that issue probably agree much on just about everything. thank you so much, jim demint. we greatly appreciate you being here. >> thanks, joe. >> i've got to say, tom, it is fascinating to me, disturbing, but fascinating how it's hard to find a senator that says, you know what? i love my job. i feel like i'm really accomplishing something. i get such depressing reports from inside the senate. and i know you do, too. >> i do. almost every senator i talk to just is enormously frustrated. a lot of them like demint are leaving. olympia snowe left because she felt she couldn't get anything done. she'll be replaced by angus king, an independent from maine. when she was leaving i thought to
battle over the debt ceiling. >> mary thompson, thank you. >>> one of television's favorite fathers has died. conrad bains played the father on "different strokes." a veteran stage actor, he rose to fame in middle age with the long-running family sitcom. he was 89 years old. a big hit here on nbc. 7:19 right now. back over to matt, savannah and al. >> must-see tv. >> exactly. >>> mr. roker is here. >> a big storm going on down south. live to pearl, mississippi. you can see the snow already on the ground and more on the way. as we take a look and show you what's happening. here is the latest. we have winter storm warnings. winter weather advisories, stretching all the way from jackson, mississippi, to southern new jersey. storm system a fast mover. and a ton of snow. and from the west to the east. it will dump a lot of rain. snowfall amounts, some areas picking up 6 to 12 inches of snow and rainfall to the south of it. anywhere from 3 to 5 inches of rain. that's your latest weather. we'll get your local forecast, right after this. t right after this. ♪ ♪ ♪ ♪ [ female announcer ]
the fiscal cliff and the looming battle over the debt ceiling. back to you. >> mary thompson at the new york stock exchange. thank you. >>> one of television's favorite fathers has died. conrad bain played phillip drummond on "different strokes," the adopted father of two african-american brothers, played by todd bridges and gary coleman a veteran stage actor, bain rose to fame in middle age with the long-.-running family sitcom. conrad bain was 89 years old. a big hit here on nbc. 7:19 now. back to matt, savannah and al. >> must see tv. >> definitely. >> thanks, matt. >> thanks very much. mr. roker is here. >> a big storm is down south. let's go live now to pearl, mississippi, you can see the snow is already on the ground. they have got more on the way. as we take a look and show you what's happening, here is the latest. we have got winter storm warning, winter weather advisories stretching all the way from jackson, mississippi, just into southern new jersey. storm system's a fast mover but it is going to dump a ton snow east. it will dump a lot of rain. look at some of these snowfall amoun
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